NVIDIA Corporation (NASDAQ:NVDA) Shares Sold by Strata Wealth Advisors LLC

Strata Wealth Advisors LLC decreased its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA) by 9.0% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 20,324 shares of the computer hardware maker’s stock after selling 2,007 shares during the period. NVIDIA makes up approximately 0.7% of Strata Wealth Advisors LLC’s holdings, making the stock its 21st largest position. Strata Wealth Advisors LLC’s holdings in NVIDIA were worth $2,203,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the business. Copia Wealth Management purchased a new position in NVIDIA in the fourth quarter valued at about $50,000. LSV Asset Management purchased a new position in NVIDIA in the fourth quarter valued at about $54,000. Barnes Dennig Private Wealth Management LLC purchased a new position in shares of NVIDIA during the 1st quarter worth approximately $51,000. Bruce G. Allen Investments LLC increased its stake in shares of NVIDIA by 198.2% during the 1st quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker’s stock worth $53,000 after purchasing an additional 327 shares in the last quarter. Finally, Delos Wealth Advisors LLC increased its stake in shares of NVIDIA by 134.8% during the 4th quarter. Delos Wealth Advisors LLC now owns 493 shares of the computer hardware maker’s stock worth $66,000 after purchasing an additional 283 shares in the last quarter. Institutional investors and hedge funds own 65.27% of the company’s stock.

Insider Buying and Selling

In other NVIDIA news, CFO Colette Kress sold 27,640 shares of the company’s stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $178.06, for a total value of $4,921,578.40. Following the transaction, the chief financial officer owned 2,956,876 shares in the company, valued at approximately $526,501,340.56. This represents a 0.93% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jen Hsun Huang sold 75,000 shares of the company’s stock in a transaction that occurred on Friday, August 8th. The shares were sold at an average price of $182.38, for a total transaction of $13,678,500.00. Following the completion of the transaction, the chief executive officer owned 73,223,225 shares in the company, valued at approximately $13,354,451,775.50. This represents a 0.10% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 5,687,440 shares of company stock worth $862,095,782 in the last 90 days. 4.17% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

NVDA has been the subject of a number of recent research reports. Oppenheimer raised their price objective on shares of NVIDIA from $175.00 to $200.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 15th. The Goldman Sachs Group assumed coverage on shares of NVIDIA in a research report on Thursday, July 10th. They set a “buy” rating and a $185.00 target price on the stock. BNP Paribas upgraded shares of NVIDIA to a “hold” rating in a research report on Friday, August 1st. Jefferies Financial Group lifted their price target on shares of NVIDIA from $185.00 to $200.00 in a report on Wednesday, July 16th. Finally, Bank of America lifted their target price on shares of NVIDIA from $180.00 to $220.00 in a report on Wednesday, July 16th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, thirty-two have given a buy rating and four have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $183.75.

NVIDIA Trading Up 1.1%

Shares of NASDAQ:NVDA opened at $182.67 on Monday. The company has a 50 day moving average of $159.82 and a 200-day moving average of $133.62. The firm has a market cap of $4.46 trillion, a P/E ratio of 58.93, a P/E/G ratio of 1.61 and a beta of 2.14. NVIDIA Corporation has a twelve month low of $86.62 and a twelve month high of $183.88. The company has a current ratio of 3.39, a quick ratio of 2.96 and a debt-to-equity ratio of 0.10.

NVIDIA (NASDAQ:NVDA) last released its earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 EPS for the quarter, missing the consensus estimate of $0.87 by ($0.06). NVIDIA had a net margin of 51.69% and a return on equity of 105.09%. The business had revenue of $44.06 billion for the quarter, compared to analyst estimates of $43.09 billion. During the same period in the prior year, the company earned $0.61 earnings per share. The firm’s revenue for the quarter was up 69.2% on a year-over-year basis. As a group, analysts anticipate that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, July 3rd. Stockholders of record on Wednesday, June 11th were issued a dividend of $0.01 per share. The ex-dividend date was Wednesday, June 11th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.0%. NVIDIA’s payout ratio is currently 1.29%.

NVIDIA Company Profile

NVIDIA Corporation provides graphics and compute and networking solutions in the United States, Taiwan, China, Hong Kong, and internationally. The Graphics segment offers GeForce GPUs for gaming and PCs, the GeForce NOW game streaming service and related infrastructure, and solutions for gaming platforms; Quadro/NVIDIA RTX GPUs for enterprise workstation graphics; virtual GPU or vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building and operating metaverse and 3D internet applications.